Interesting email I just had from gamingintelligence.com, I wonder what changes this will bring about??

UNDERPERFORMING bookmaker William Hill are the subject of a potential transaction with 888 Holdings and Rank Group considering a £3 billion joint bid.London-listed gaming operators Rank Group and 888 Holdings have formed a consortium for the purpose of acquiring William Hill plc. in a deal worth an estimated £3bn.

The management of Rank and 888 have confirmed that they see “significant industrial logic in the combination,” which would allow the partners to consolidate complementary online and land-based operations.

This in turn could deliver substantial revenue and cost synergies, as well as allowing all parties to benefit from economies of scale.

A statement issued by 888 Holdings and Rank Group said: "In relation to the proposed transaction, no decision has yet been taken as to whether 888 would be an offer or offeree company in respect of certain of the steps that may be taken in order to implement the proposed transaction.”

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